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What’s Up With Housing?

Happy Presidents’ Day

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Overall, closed sales were slightly down from 2017, but sale prices were up!
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357 on Fifth, a 13-unit condo project, had been planned for 357 Fifth St. S in downtown St. Petersburg has now been scrapped and the property is up for sale for $1.3 million.
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Should a solar lease be regulated as a utility if it “sells” power to homeowners? The state says no, so solar-using homeowners needn’t fear new regulations.
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It takes more than changing the size of a home to change the mentality of the people who live inside.
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Homes need to combine a tight building envelope with mechanical ventilation and air filtration to provide consistently fresh indoor air. Healthy homes also provide optimal natural light.
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Prices continued to rise in all four bay area counties but the rate of increase has been cut in half since 2016, according to figures released Tuesday by Florida Realtors. Sales also lagged.
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Millennial home buyers are taking a long-term view when buying, and also tend to value safe neighborhoods and good schools over walkability and short commutes.
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What’s Up With Housing?

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A hybrid of orange and pink, this sunset-inspired shade is an instant mood booster for both you and your guests.
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Are you a homeowner looking to take advantage of your home equity by investing in a vacation home?
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New modular systems, lower-cost products, and consumer interest in energy efficiency are bringing a 30-year-old German-based construction method into the mainstream.
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For Realtors, any impact from the government shutdown depends largely on their location – rural vs. city – and whether they sell many lower-cost homes.
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Refinance index rises 35% for the week ending Jan. 4th as rates drop across all loan types according to the Mortgage Bankers Association.
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That’s right, toilets with internet-connected features, voice assistants built in, and more. Oh, and some are even for your dog and cat as well.


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What’s Up With Housing?

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The new technology should give buyers new loan options as the ultra-secure platform makes it safer and easier for private individuals to lend money to strangers.
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We will not have a glut of inventory like we did back in 2008 and home values won’t come tumbling down. Instead, if demand weakens, we will return to a normal market (approximately a 6-month supply) with historic levels of appreciation (3.6% annually).
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Florida Realtors Pump Another $500K Into Amendment 2 Push.
Florida Realtors are supporting a proposed constitutional amendment that would make permanent a cap on increasing property taxes for non-homesteaded properties.
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Why this story about the cost and value of innovation matters in housing right now.
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Get ideas for camouflaging your outlets, adding task lighting, and avoiding common kitchen annoyances.
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Rental units are the fastest-growing segment of the housing market. At the same time, the vacation rental marketing is also booming. But which is a better investment: leasing your property to a long-term tenant or renting to travelers on a short-term basis?

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What’s New With Housing?

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Please take action by urging Congress to extend the NFIP and pass meaningful reforms to ensure long-term viability of the program.

 

Freddie Mac: Rates have declined in 5 of past 6 weeks, but a year ago, the average 30-year FRM was 3.96%. Average 15-year FRM slipped to 3.99% this week.
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Whether in a nod to the bold approach of the ’30s or the kitschy flourishes in ’60s design, modern kitchens are finding a fresh new face in the past.
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Apartment renters have come to expect green building features like good indoor air quality and energy efficiency, making them more of a requirement in many markets.
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As a first-time home buyer, where do you even begin? Saving enough cash to cover a down payment is a big enough hurdle to get over, but that’s just the beginning. The entire process can be intimidating and overwhelming. Mortgages, offers and negotiations, inspections, homeowners insurance, property taxes, the list goes on.
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A new report says student loans, high rent, and location preferences are among impediments to Millennial homeownership.
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22 real estate groups and associations – NAR, NAHB, insurers, bankers and others – sent a joint letter to lawmakers pushing them to pass a flood insurance bill.

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What’s Up With Housing?

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“Invisible Sustainability,” the blending of sustainable design principles with an aesthetic that is rigorously minimal.
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The share of self-employed construction workers remains high, even as housing recovers.
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Flood insurance got more expensive this month, and it may become even pricier depending on how Congress handles the July 31 deadline to address the National Flood Insurance Program.
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It’s important to vet your subcontractors well, as you may end up paying for their potential default or mistakes.  These best practices can help ensure you have the right pros working for you.
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Homeless VetsFlorida Receiving $567,928 to Help Homeless Vets.
HUD and the VA will provide housing vouchers to help 5,211 U.S. veterans nationwide find a home. In Florida, 13 agencies across the state will split the funding.
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Suburban municipalities can help pave the way for new development by making zoning adjustments that ensure density.
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What’s Up With Housing?

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Survey: A top reason 1 out of 3 millennials buy a first home is to provide a yard for their dog. As a motivator, it outranked marriage and raising children.
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ROI of Sustainability is More Complex Than You Think.
The value of energy efficiency and sustainability can prove to be greater, more lucrative or more complex than it appears on the surface.
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In the second quarter of 2017, the Florida housing market had more closed sales, higher median prices and more pending sales, according to Florida Realtors.
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Florida Leads Nation in Foreign Residents Buying and Selling.
Foreign investors want to buy in Florida, but they also want to sell Fla. property when the income potential is right – and many Canadians think that time is now.
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It might not be “Plan A,” but some Millennials that return home after college are turning it into a positive stay by saving enough cash to buy homes.


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What’s Up With Housing?

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Check out the slideshow for which ZIP codes saw the most homes sell, as well as the average and sale prices for each ZIP code.
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The short answer: No, according to a JPMorgan study. Sharp housing price corrections are rare, they say, even after a large run-up in home prices.
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Tesla Installs First Solar Roofs
The roofs were first announced last October, with online orders beginning in May. The carmaker’s new solar roof tiles are made to resemble regular roofing.
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Homeownership Rate Rebounds from 50-Year Low
Good news for Real Estate… The U.S. homeownership rate may have finally bottomed out, as the share of Americans who own homes is steadily climbing.
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Florida Consumer Confidence Rises 1.5 Points in July
Consumer sentiment among Floridians hit its second-highest level since 2002. Of the five components that make up the index, three increased and two decreased.

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